Fannie Mae Selling and Servicing Policy Archives
The Fannie Mae Selling and Servicing policy archives allow you to quickly access current and past policy materials.
Our archives allow you to search for Selling and Servicing policy communications by year and/or by communication type which include:
- announcements
- guides
- lender letters
- notices
In addition, you can find our In Case You Missed It job aid, which summarizes Selling Guide, Servicing Guide and other policy communications for years 2012 to present.
Find what you are looking for
July 3, 2019 - July updates implement changes related to HomeReady income limits, clarify requirements for compliance with Office of Foreign Assets Control Regulations, simplify requirements for signed IRS Form 4506-T, update our definition of relocation loans, remind lenders of our disaster policies, and more. |
|
Selling Guide - PDF Version (July 3, 2019) |
|
The Document Custodian Notice includes the following topics |
|
June 12, 2019 - the June updates simplify our requirements for release of property requests, clarify investor reporting requirements, and more. |
|
Servicing Guide - PDF Version (June 12, 2019) |
|
June 5, 2019 - June updates implement changes related to tax reform legislation, update requirements for acceptable title insurers, simplify Uniform Residential Loan Application (URLA) (Form 1003) requirements, provide guidance on the purchase of certain LIBOR ARM loans, and introduce a new special feature code for delivery of loans with remote notarization. |
|
June 5, 2019 - We implemented the private flood insurance provisions of the Biggert-Waters Act applicable to us in 2013. Under our Selling Guide, private flood insurance policies may be delivered as an alternative to National Flood Insurance Program (NFIP) policies. To qualify, the terms and amount of coverage must be at least equal to that provided under an NFIP policy based on a review of the full policy issued by the private insurer. In addition, the insurer must meet the rating requirements in the Selling Guide for property insurers. |
|
June 5, 2019 - Lender Letter LL-2019-06 provides updates to upcoming HomeReady and Desktop Underwriter updates. |
|
Selling Guide - PDF Version (June 5, 2019) |
|
May 17, 2019 - Lender Letter LL-2019-05 provides guidance on a new policy related to the acquisition of certain LIBOR ARM loans. |
|
May 15, 2019 - the Servicing Guide was updated on May 15 to clarify our policy regarding mortgage insurance (MI) termination solicitations, simplify our policies by removing references to designated document custodians, and more. |
|
Servicing Guide - PDF Version (May 15, 2019 |
|
Selling Guide - PDF Version (May 1, 2019) |
|
May 1, 2019 - May updates include added references to TBA-eligible UMBS, removal of references to designated document and full-service certification custodians, clarified requirements for electronic transactions, and more. |
|
The Document Custodian Notice includes the following topics Independent Audit Loan Sampling Selection and Non-Liquidated Released Loan Exception Handling and Reporting to Fannie Mae. |
|
April 10, 2019 - the Servicing Guide was updated on Apr. 10 to expand insurance loss proceeds requirements, clarify servicer responsibilities after a disaster event, update foreclosure fees for certain states, and more. |
|
Servicing Guide - PDF Version (April 10, 2019) |
|
April 8, 2019 - as a result of our periodic review of risk-based pricing, we are implementing a 25 basis point (0.250) loan-level price adjustment (LLPA) for loans secured by second homes with LTV ratios greater than 85. |
|
April 3, 2019 - these updates were made in April adjustments or clarifications to several HomeReady mortgage policies, new process for self-reporting with Loan Quality Connect, more flexibility for Fannie Majors, and more. |
|
Selling Guide - PDF Version (April 3, 2019) |
|
The Document Custodian Notice includes the following topics Publication of the New Document Certification User Guide. |
|
March 11, 2019 - We have issued a Selling Notice to provide guidance on forward trading of Uniform Mortgage-Backed Securities (UMBS). |
|
March 6, 2019 - these updates were made in March manually underwritten loan requirements correspond with credit risk assessment in Desktop Underwriter, clarifications to lender responsibilities for leasehold estates, continued consolidation of Selling and Servicing Guide, and more. |
|
March 5, 2019 - this Lender Letter provides guidance on changes to the allowable interest (note) rate spread in fixed-rate MBS and Uniform Mortgage-Backed Securities (UMBS) and the maximum servicing fee permitted for fixed-rate loans. These actions are pursuant to FHFA's instruction. |
|
Selling Guide - PDF Version (March 6, 2019) |
